Marketplace players and dealers like CEO of BitMEX hope that this will attract enormous investors.
Arthur Hayes, CEO of this planet's next most significant crypto exchange, BitMEX, claims Jones has only removed vocation chance from purchasing cryptos such as Bitcoin. "Expect a lot of beta fund managers to begin cooking some copypasta," he tweeted on May 7.

Paul Opens The Way For Other Hedge Funds Manager To Buy Bitcoin

Hayes isn't alone thinking that investors may probably follow Jones. On May 7, CNBC's Bitcoin baller, Brian Kelly also CNBC's Fast Money traders talked about the possible effect of the billionaire investor's Bitcoin information.
Karen Finerman, co-founder & CEO Metropolitan Capital Advisors and a CNBC Fast Money panelist, considers that Jones is opening up the way for mainstream traders and also hedge funds manager to buy Bitcoin. Finerman summarised that traders are going to feel more secure purchasing Bitcoin as Jones has also bought it:

Nobody wants to get outed having owned Bitcoin if it completely falls apart. But if you can say that Jones owns it also, maybe that gives you a little bit of cover.

Brian Kelly Stated, Bitcoin Has More Potential As Compared To Gold

Jones reported that Bitcoin informs him of the critical purpose that gold played at the financial meltdown of the 1970s. As stated by CNBC's Brian Kelly, the two equally Bitcoin and gold could succeed from the latest financial environment as a result of their standard capabilities, including a restricted supply. However the CNBC Bitcoin adviser claims that Bitcoin will engage in with a much function from the environment because of its' decentralized nature & easy accessibility. Brian Kelly also summarised that Bitcoin comes with a "much more uptrend potential" plus also an improved risk-to-reward.
On May two, leading United States' crypto market, Coinbase, released a study claiming the pandemic-fueled catastrophe is likely to make Bitcoin more advanced than gold.